Results 11 to 20 of about 2,382 (263)
The Stock Market and Capital Accumulation [PDF]
American Economic Review, 2001 The value of a firm's securities measures the value of the firm's productive assets. If the assets include only capital goods and not a permanent monopoly franchise, the value of the securities measures the value of the capital. Finally, if the price of the capital can be measured or inferred, the quantity of capital is the value divided by the price.
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Venture capital and the structure of capital markets: banks versus stock markets
Journal of Financial Economics, 1996 Abstract Contrasting capital markets in the USA with those of Japan and Germany has become a commonplace activity. The USA has a large number of comparatively small banks that play a limited role in the governance of large corporations, and a well-developed stock market with an associated market for corporate control that figures ...
Bernard S Black, Ronald J Gilson
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Stock Market Returns, Corporate Governance and Capital Market Equilibrium [PDF]
SSRN Electronic Journal, 2013 This paper analyzes why corporate governance matters for stock returns if the stock market prices the underlying managerial agency problem correctly. Our theory assumes that strict corporate governance prevents managers from diverting cash flows, but reduces incentives for managerial effort.
Bruno Maria Parigi +2 more
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The Big Bang: Stock Market Capitalization in the Long Run [PDF]
SSRN Electronic Journal, 2018 Supplemental material file: online ...
Kuvshinov, Dmitry, Zimmermann, Kaspar
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Large Capital Inflows and Stock Returns in a Thin Market [PDF]
SSRN Electronic Journal, 2012 Using unique data about capital flows to private pension funds in Poland, we find that their impact, as a group of large institutional investors, on stock returns is statistically significant in short-term but no such effect exists in the long-run. We analyze the capital transfers, in form of the aggregated pension contributions collected from all ...
Janusz Brzeszczynski +2 more
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Journal of Accounting and Finance in Emerging Economies, 2020 This paper aims to examine stock market with a capacity building perspective for economic growth, focusing on the factors that enhance stock market capitalization in the long term.
Areeba Khan +3 more
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Modern realities of the Russian stock market
Вестник Северо-Кавказского федерального университета, 2022 The research is devoted to the study of the features of the modern Russian stock market. The article examines the impact of the coronavirus pandemic on financial markets, in particular on the stock market. The general state of the Russian stock market is
S. M. Grishanov +2 more
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Gusau Journal of Accounting and FinanceSouth Africa’s economic environment continues to battle with uneven business growth, exacerbated by weak financial linkages and inconsistent regulatory performance.
Oloruntoba Oyedele
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Frontiers in Public Health, 2022 This study analyzes the conflicting effects of investors' sentiment caused by public health emergencies and uses event analysis methods and linear regressions to examine the impact of such emergencies on the stock prices of insurance companies. The study
Yunfeng Shang +6 more
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Should Africa promote stock market capitalism? [PDF]
Journal of International Development, 1999 This paper considers the pros and cons of establishing stock markets in Sub-Saharan African economies at the present stage of their development. It provides theoretical analysis and empirical evidence from both developing and advanced countries to argue that for many African countries such a development would be a costly irrelevance which they can ill ...
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